Published on : Jun 28, 2017
Albany, New York, June 28, 2017: Considered as the backbone and integral supporter of the functionality of all the sectors of an economy, Information Technology or IT is an exceptionally diverse and rapidly growing segment. Nowadays, IT services, or the application of business and technical skill in order to improve processes and productivity, is becoming an increasingly important element to businesses of all kinds. With a prime focus on U.K. market along with the development of IT services in the region, a study titled “U.K. IT Services - May 2017” has been freshly added to the vast repository of Market Research Hub (MRH), offering readers a perspective on current trends in the IT services. Additionally, this guide provides information on what types of opportunities are available for overseas companies and investors looking to enter the UK’s IT services market.
This study is mainly concerned with the IT services which mainly covers IT consultancy and other computer services. IT consultant (also known as computer consultancy, business and technology services, computing consultancy, technology consulting, and IT advisory) is an industry that guides businesses on how best to use information technology to meet their objectives. As the technology is fast-moving with plenty of chances of promotion, the demand for IT is surging. Moreover, IT services incorporate anything from cloud computing to big data, and the software market includes application software, security software and operating systems. One of the top reasons businesses need IT services is in order to be used as a preventative measure against cyber pirates and other potential offenders.
According to the key findings, IT developments are continuing to focus on the mobile and cloud environments, and the market will expand as the evolution of technology continues into software-defined components, leading to an increasingly converged IT infrastructure. Cloud computing has increased in value over the years and is used not only for private purposes but also for work purposes across all age groups. The blockchain is also beginning to redefine database architecture, while artificial intelligence is providing a new layer for technology interaction. Some of the major trends in the U.K. market includes the constant technology evolution and the growing security concerns. Analysis of U.K. Market for computer security during the period 2012-17 finds relentless growth in data, the location of IT and the clouded future.
Moreover, the development status of the UK market for IT services has been examined for the period 2012-16 actual and provides forecast for the period 2017-21. This section comprises the detailed market segmentation for IT services, IT consultancy and IT outsourcing & services. Market size and trends has been analyzed in the study, by segmentation of the U.K. market for IT services in the following industries, such as Mining, Agriculture, Electricity and Gas, Construction, Manufacturing, Retail, Transport, Water, Real Estate, Education, Insurance and Finance, Information and Communication, Hotels and Restaurants, Health, Arts and Entertainment, Professions, Administrations and others.
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The major market participants profiled in the report are Accenture, IBM United Kingdom, Deloitte LLP, Capgemini UK, Hewlett-Packard/Hewlett Packard Enterprise/DXC Technology, Gartner UK, Oracle Corporation, Wipro UK, Microsoft Corporation and PricewaterhouseCoopers LLP.
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